Which of these principles of cash managements is untrue?
A) There are disadvantages for a business in holding very low levels of inventory.
B) The longer the operating cycle the longer it takes to pay creditors.
C) It is generally a mistake to delay paying creditors if it means discounts on offer are lost.
D) Generally cash surplus to requirements should be used to acquire necessary non-current assets rather than being kept on fixed deposit.
Correct Answer:
Verified
Q55: The petty cash account is what type
Q56: Which of these is not an essential
Q57: A cash budget measures:
A) estimated future cash
Q58: Which of these is not a broad
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